ICE canola regaining lost ground

By Ashley Robinson, Commodity News Service Canada
WINNIPEG, MB, Jan. 11, 2019 (CNS Canada) – ICE Futures canola contracts were stronger Friday morning, trying to recover from some of Thursday’s losses.
Farmer deliveries were down this week, according to the latest data from the Canadian Grain Commission. For the week ending Jan. 6, 230,600 tonnes of canola was delivered to Canadian elevators, down about 300,000 tonnes from the previous week.
Exports are also running behind pace from last year, according to the CGC data. Only 974,900 tonnes of canola exported this year as of Jan. 6, compared to 998,400 last year.
Chicago Board of Trade soybean and contracts were stronger, while soymeal contracts were weaker.
About 2,200 canola contracts had traded as of 8:41 CST Friday morning.

Futures Prices as of January 11, 2019

Canola
2019-01-10 17:00
Price Change
Jan 479.40p 0.00
Mar 482.2 1.70
May 490.9 1.90
Jul 498.4 1.80
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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